Without them their pathway for CO2 emissions is the same as the previous one.
(It's also towards the higher end of 1.5C emissions pathways.)
I took a look at Shell's first ever 1.5C scenario and found that it is... remarkably similar to its “well-below 2C” scenario.
Oil, gas, coal, solar.... all basically unchanged.
The key difference: A new forest the size of Brazil to suck up the extra CO2.
Without them their pathway for CO2 emissions is the same as the previous one.
(It's also towards the higher end of 1.5C emissions pathways.)
It was referenced in the "well-below 2C" scenario although not formally included in it, and Shell's CEO has been framing it as the only viable way of getting to 1.5C.
Only yesterday Shell said forests were a key part of its net-zero strategy.
Not everyone is convinced though
https://t.co/RaJm7tOHxb
Shell plans to use forests to remove 120 Mt/yr of CO2 by 2030.
— Greg Muttitt (@FuelOnTheFire) February 12, 2021
Appropriate land for forestation is finite, and risks competition with food production and human rights of current land owners/users, esp Indigenous
For emissions removed using carbon capture technology, it actually sits at the lower end. 1.5C scenarios rely _a lot_ on (largely untested) CCS
Of course, the more fossil fuels are burned, the harder it gets.
Shell says oil and gas, “will remain significant for decades” and “there needs to be continued investment in…supply”.
A legal disclaimer adds:
“Ultimately, whether society meets its goals to decarbonise is not within Shell’s control.”
https://t.co/Ngj6MRMMTk
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💥and so it begins..💥
It's time, my friends 🤩🤩
[Thread] #ProjectOdin
https://t.co/fO90N78fta
new quantum-based internet #ElonMusk #QVS #QFS
Political justification ⏬⏬
#ProjectOdin
#ProjectOdin #Starlink #ElonMusk #QuantumInternet
It's time, my friends 🤩🤩
[Thread] #ProjectOdin
The Alliance has Project Odin ready to go - the new quantum-based internet. #ElonMusk #QVS #QFS #ProjectOdin
— Der Preu\xdfe Parler: @DerPreusse (@DerPreusse1963) January 12, 2021
https://t.co/fO90N78fta
new quantum-based internet #ElonMusk #QVS #QFS
Political justification ⏬⏬
#ProjectOdin
#ProjectOdin #Starlink #ElonMusk #QuantumInternet
#DDDD $LBPS $LOAC
A thread on the potential near term catalysts behind why I have increased my position in 4d Pharma @4dpharmaplc (LON: #DDDD):
1) NASDAQ listing. This is the most obvious.
The idea behind this is that the huge pool of capital and institutional interest in the NASDAQ will enable a higher per-share valuation for #DDDD than was achievable in the UK.
Comparators to @4dpharmaplc #DDDD (market capitalisation £150m) on the NASDAQ and their market capitalisation:
Seres Therapeutics: $2.33bn = £1.72bn (has had a successful phase 3 C. difficile trial); from my previous research (below) the chance of #DDDD achieving this at least once is at least
Kaleido Biosciences: $347m = £256m. 4 products under consideration, compared to #DDDD's potential 16. When you view @4dpharmaplc's 1000+ patents and AI-driven MicroRx platform (not to mention their end-to-end manufacturing capability), 4d's undervaluation is clear.
A thread on the potential near term catalysts behind why I have increased my position in 4d Pharma @4dpharmaplc (LON: #DDDD):
1) NASDAQ listing. This is the most obvious.
The idea behind this is that the huge pool of capital and institutional interest in the NASDAQ will enable a higher per-share valuation for #DDDD than was achievable in the UK.
Comparators to @4dpharmaplc #DDDD (market capitalisation £150m) on the NASDAQ and their market capitalisation:
Seres Therapeutics: $2.33bn = £1.72bn (has had a successful phase 3 C. difficile trial); from my previous research (below) the chance of #DDDD achieving this at least once is at least
While looking at speculative pharmaceutical stocks I am reminded of why I am averse to these risky picks.#DDDD was compelling enough, though, to break this rule. The 10+ treatments under trial, industry-leading IP portfolio, and comparable undervaluation are inescapable.
— Shrey Srivastava (@BlogShrey) December 16, 2020
Kaleido Biosciences: $347m = £256m. 4 products under consideration, compared to #DDDD's potential 16. When you view @4dpharmaplc's 1000+ patents and AI-driven MicroRx platform (not to mention their end-to-end manufacturing capability), 4d's undervaluation is clear.
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
